Pinterest (PINS) Projected to Post Quarterly Earnings on Thursday

Pinterest (NYSE:PINS) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $1.14 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Pinterest Stock Up 0.4 %

Shares of PINS opened at $33.09 on Tuesday. The business has a 50-day simple moving average of $31.01 and a two-hundred day simple moving average of $31.65. Pinterest has a 12-month low of $27.00 and a 12-month high of $45.19. The stock has a market cap of $22.36 billion, a PE ratio of 110.31, a PEG ratio of 1.68 and a beta of 1.04.

Insider Transactions at Pinterest

In related news, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60. Following the transaction, the chief accounting officer now directly owns 158,468 shares of the company’s stock, valued at $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the completion of the sale, the director now directly owns 30,236 shares of the company’s stock, valued at $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,157 shares of company stock valued at $589,131 over the last three months. Corporate insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PINS shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $41.00 price objective on shares of Pinterest in a report on Monday, October 7th. Piper Sandler lowered shares of Pinterest from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $41.00 to $36.00 in a report on Tuesday, December 10th. Jefferies Financial Group restated a “hold” rating and issued a $32.00 price objective (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. Wells Fargo & Company cut their target price on Pinterest from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, TD Cowen began coverage on Pinterest in a research note on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.70.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.